Institutional Venture Partners Promotes Somesh Dash and James Newell

Menlo Park, Calif. – September 28, 2010 Institutional Venture Partners (IVP), one of the premier later-stage venture capital and growth equity firms, is pleased to announce that it has promoted Somesh Dash to Vice President and James Newell to Senior Associate. As a Vice President, Somesh will continue to identify later-stage investments in Internet, software, wireless, and technology-enabled services companies. As a Senior Associate, Jimmy will continue to source and evaluate investment opportunities in rapidly-growing Internet and software companies.

“Both Somesh and James are great contributors to the IVP team. These promotions are well deserved and reflect the significant success that each of them has had, as well as their promise for years to come,” said Sandy Miller, General Partner.

Somesh Dash joined IVP in March of 2005 and recently completed the MBA program at the Stanford University Graduate School of Business. Somesh actively participated in IVP’s investments in Akamai (AKAM), CafePress, Danger (acquired by Microsoft), Digital River (DRIV), Gaia Online, H5, Loopnet (LOOP), MySQL (acquired by Sun Microsystems), Netflix (NFLX), Quigo (acquired by Time Warner) and Zynga. Prior to joining IVP, Somesh worked at Credit Suisse’s Technology Investment Banking Group. Somesh earned a B.S. in Business Administration from the Haas School of Business at the University of California at Berkeley and an MBA from Stanford University.

James Newell joined IVP in September of 2009. James actively works with IVP portfolio companies including DoubleVerify, Kayak, Motion Computing, RGB Networks and Zynga. Prior to joining IVP, James worked at Bank of America Merrill Lynch in the Investment Banking Division. James earned a B.A. in Economics and a B.A. in Business Administration with a concentration in Finance from The University of Washington.

About Institutional Venture Partners (IVP)
With $3 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. The partnership is currently investing IVP XIII, a $750 million later-stage fund focused on investments in rapidly growing technology and digital media companies. Founded in 1980, IVP has invested in over 300 companies, 85 of which have gone public. IVP has a 30 year IRR of 43.2% and is one of the top performing firms in the industry. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight (ARST), Aspect Communications (ASPT), At Road (ARDI), Business.com (RHD), Clarify (CLFY), ComScore (SCOR), Concur Technologies (CNQR), Danger (MSFT), Digital River (DRIV), Form Factor (FORM), Foundry Networks (FDRY), HomeAway, Juniper Networks (JNPR), Kayak, LSI Corporation (LSI), Mobile 365 (SY), MySQL (ORCL), Netflix (NFLX), Polycom (PLCM), Quigo (TWX), Seagate (STX), Synchronoss (SNCR), Tivo (TIVO), Twitter, Websense (WBSN) and Zynga. For more information, visit https://www.ivp.com or follow IVP on Twitter: https://twitter.com/ivp.